Mining Intelligence Articles & Market Analysis - Page 139
Discover news, analysis, and insights on junior mining companies and precious metals
Featured Articles
Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
Trending Now
View All
ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
All Articles
Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio
Riverside Resources Inc. has transferred its three Ontario gold properties to its wholly-owned subsidiary, Blue Jay Resources Inc., to establish Blue Jay as an independent exploration company. The strategic move is designed to unlock potential value in these assets and provide Riverside shareholders with exposure to possible gains. The company's past strategy with Capitan Silver Corp. saw similar results. The new company is headed by CEO Geordie Mark, who has extensive experience in the mining industry and is planning a targeted drill campaign for the first half of 2025.
Quest Critical Metals Accepted as Associate Partner in a Further EU Grant Funded Project Using Innovative Geochemical Techniques to Identify Deep Mineral Deposits
Quest Critical Metals Inc. has been accepted as an Associate Partner in a €4.8m EU Horizon grant-funded project, Deep exploration BoostEd by Advanced exploration Technologies (DeepBEAT). The project aims to develop technologies for detecting deep-seated land deposits using geochemistry, with the company's Tisova/Klingenthal licences being test sites. The project proposes ten technological developments, including ultra-high resolution analytical chemistry, increasing sampling strategy efficiency, and AI-assisted 3D mineral prospectivity modelling. The project also aims to cultivate acceptance of exploration and mining in local communities. Partners include academic institutions and public and private organizations from various countries.
QIMC Reports Major Advancements in Ville Marie Geophysical Surveys for Natural Hydrogen Discovery and Launches Underwater Hydrogen Exploration and Sampling
Quebec Innovative Materials Corp. (QIMC) has reported significant progress in their geophysical and gravimetric surveys for the Ville Marie Natural Hydrogen discovery. They have conducted over 1,000 gravimetric measurements across an 80-square-kilometer area in the St-Bruno-de-Guigues region, which are essential in evaluating the thickness of sedimentary rock layers that overlay the Archean volcano-plutonic greenstone belt. The data collected will help create a detailed gravimetric model for the region and identify prime locations for hydrogen and helium conduits. The company is also planning an electromagnetic survey (TDEM) for winter 2024 into early 2025. After a successful hydrogen prospecting season in
Palamina Commences Soil Sampling Program After Completing Remote Sensing Study on the Galena Silver Copper Project
Palamina Corp. is advancing its Galena Silver Copper Project located in the Puno region of Peru, which contains high-grade copper-silver bearing quartz veins and multiple copper oxide and lead sulfide occurrences. The company is exploring for Carbonate Replacement Deposits (CRDs), with mineralization at Galena hosted in Tacaza Formation volcanics. The project is in the same structural trend as the Santa Barbara and Berenguela past-producing mines. Palamina is completing a pXRF soil survey to refine the extent of anomalous zones, and a gravity survey is planned to define a potential CRD deposit at depth. Palamina has combined traditional exploration methods with new technologies in 2024.
Snow Lake Energy Announces Positive Preliminary Results from Drill Program at the Engo Valley Uranium Project
Snow Lake Resources Ltd., a uranium exploration company, has announced promising preliminary results from eight initial reverse circulation drill holes at its Engo Valley Uranium Project in Namibia. The company also started a winter drill program at the Snow Lake Lithium Project. The data revealed significant uranium mineralization in five of the drilled holes. The CEO of Snow Lake emphasized the potential of the Engo Valley project given the increasing demand for uranium from major tech companies investing in nuclear power. The ongoing drill program aims to confirm historical mineralization previously identified.
Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning Deposit
Myriad Uranium Corp. has announced promising uranium grades from drilling at the Copper Mountain Uranium Project in Wyoming, USA. The spectral gamma ray logging has confirmed high-grade uranium mineralisation at the Canning Deposit area, validating historic work done by Union Pacific. The drilling has returned significant results with several intervals reporting an average grade greater than 1,000 ppm eU3O8 and peak grade reaching up to 3,870 ppm eU3O8 in borehole CAN0021. These findings are yet to be confirmed by chemical assay of core and reverse circulation samples.
Dark Star Announces Definitive Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador
Dark Star Minerals Inc. has entered into a definitive option agreement with Cronin Exploration Inc. to acquire up to 100% of Cronin's right, title, and interest in the Ghost Lake mineral claims in Newfoundland and Labrador. Dark Star's CEO, Marc Branson, expressed excitement over the potential of the property, which is located in the Central Mineral Belt of Labrador, a region known for uranium mineralization. The Ghost Lake Property consists of 28,575 ha of claim blocks and is surrounded by properties held by Atha Energy Corp. and overlaps trends with known deposits such as Paladin Energy Ltd.'s Michelin Uranium Project and Labrador Uranium Inc.'s deposits.
Appia Secures an Additional Mineral Claim at its PCH Ionic Adsorption Clay Project, Goias - Brazil
Appia Rare Earths & Uranium Corp. has secured an additional mining claim on the Eastern border of its existing claims at the PCH project through a public bidding process. This new claim will increase the total project area by 1,969.06 hectares, making the total area 42,932.24 hectares. The expansion allows Appia to potentially increase its rare earth mineralization. The President of the company believes that this new claim will extend the potential of their Eastern targets, Taygeta and Merope, which have shown consistent mineralization and strong results for magnet rare earths.
Xplore Resources Identifies Priority Targets for Upcoming Drill Program at Surge Lithium Project, Ontario
Xplore Resources Corp. has completed its surface exploration program, identifying new drill targets at its Surge Lithium project in northwest Ontario. The project is adjacent to Green Technology Metals' Root Bay Project, which is showing strong results. The Root lithium area is experiencing rapid growth, with encouraging results from a 14,000 m ongoing drilling campaign. Xplore's Surge property is located along 10 km of the Root Bay Lithium Trend. Recent data from an airborne Lidar survey, mapping, and ground prospecting have refined drill targets for an upcoming program.
ZTEM Survey Results Provide Vector to Porphyry Centre and New Targets at Pacific Ridge's Kliyul Copper-Gold Project
Pacific Ridge Exploration Ltd. has announced the results of a Z-Axis Tipper Electromagnetic (ZTEM) survey at its Kliyul copper-gold project in British Columbia. The ZTEM survey covered 85% of Kliyul and the results strengthen the company's belief that the final drill hole of the 2023 exploration program intersected a mineralized area. The survey also indicated a potentially mineralized 700m corridor from KMZ to the southern margin of a large magnetic and resistivity high anomaly. The company plans to utilize the survey results to define targets for future drilling.
TriStar Gold Announces Changes to Board of Directors
Marcus Brewster has accepted an offer to join the Board of Directors of TriStar Gold Inc., and will step down as the company's Chief Operating Officer effective December 4, 2024. Brewster, a geologist and mining engineer, will have his appointment approved following the company's Annual General Meeting on December 2, 2024. Mark Jones III, a significant figure in the founding of the company, has been appointed Chairman Emeritus.
DynaResource Reports Q3 2024 Results Demonstrating Operational Turnaround Progress at the San Jose de Gracia Mine
DynaResource, a Texas-based company, has reported promising results for Q3 2024. The results included an 83% increase in revenue to $11.2 million compared to Q3 2023, and a 27% improvement in milled throughput. The company has made significant advances towards improving profitability at its San Jose de Gracia Mine with a focus on cutting costs and enhancing operational efficiency. The net loss of the company improved from $2.9 million in Q2 2024 to $0.8 million in Q3 2024. DynaResource is planning to resume exploration activities in Q4 2024 with a focus on expanding the mine's known resources.
Canadian Gold Corp. Phase 3 Drilling at Tartan Mine Returns Multiple High-Grade Intercepts over Good Widths Extending Main Zone to the West Well Below Resource; Potential to Expand Resource Remains Excellent
Canadian Gold Corp. has announced positive results from its Phase 3 Drill Program at the Tartan Mine in Manitoba. The results have extended the high-grade mineralization along the western limits of the Main Zone and suggest a separate, longer-term opportunity for lower-grade bulk tonnage. The company is preparing data from over 21,000 meters of drilling since its last resource estimate in 2017. The recent drilling has expanded the Main Zone vertically and westward, demonstrating excellent continuity of both grade and width.
Elemental Altus Royalties Announces Expanded Revolving Credit Facilty
Elemental Altus Royalties Corp. has amended its credit facility, raising its borrowing limit to US$50 million. The company also announced the addition of Royal Bank of Canada as a new lender, joining National Bank of Canada and Canadian Imperial Bank of Commerce. Elemental Altus has made significant efforts to decrease its debt throughout 2024, and plans to continue repaying debt with excess cash. As of now, the company has drawn US$20 million from its US$50 million facility, and has repaid US$10 million in 2024. The maturity date of the facility has been extended to June 2027.
Cabral Gold Identifies Fifth Gold-in-Oxide Blanket and Trenches 18M @ 1.9 g/t Gold on Surface at the Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. has announced the discovery of a fifth gold-in-oxide blanket within the Cuiú Cuiú Gold District in Brazil, following trench results from the Jerimum Cima target. The findings indicate the presence of extensive gold-in-oxide mineralization of a high grade, which is likely to positively impact the recent pre-feasibility study on a starter heap-leach operation. This discovery is expected to provide the potential to upgrade Inferred material at both the MG and Central gold deposits.
Dakota Gold Corp. Announces Resource Expansion Potential with Step-Out Drill Results at Richmond Hill Gold Project
Dakota Gold Corp. has announced positive results from fifteen drilling holes as part of an ongoing program to expand the first resource at the Richmond Hill Gold Project. The results will be included in an updated S-K 1300 Initial Assessment in Q1 2025. The original S-K 1300 resource, announced in April 2024, outlined an Indicated Resource of 51.83 million tonnes at 0.80 grams per tonne gold for 1.33 million ounces and an Inferred Resource of 58.06 million tonnes at 0.61 grams per tonne gold for 1.13 million ounces. The new drilling results from the Chism Gulch area of the Richmond Hill resource suggest potential for significant expansion
Heliostar Announces 2024 Production Guidance for Acquired Mines
Heliostar Metals Ltd. has provided production guidance for July-December 2024, post-acquisition of the San Agustin Mine and the La Colorada Mine in Mexico. Gold sales from these mines are expected to be between 19,350 - 19,750 ounces, with cash cost per ounce between US$1,500 - US$1,600 and all-in sustaining cost (AISC) between US$1,650 - US$1,750. The company aims to expand annual production and grow resources, with five drill rigs in operation across its portfolio. The cash flow from these operations will be reinvested in the Mexican assets, and the company plans to make a production decision about Ana Paula in 2025
Metal Energy Announces Multi-Phase Exploration Program on Newly Acquired Highland Valley Project
Metal Energy Corp. has announced a multi-phase exploration program for its newly acquired Highland Valley Project, led by geologist Charlie Greig. The program will use geophysics to identify priority targets, culminating in a drilling program in 2025. Phase 1 of the program includes a Ground AMT survey of the project's most prospective areas, which is expected to be completed by the end of 2024. This new application could be highly effective in the Highland Valley district. The company will also conduct passive seismic and hyperspectral studies and leverage historical datasets to help identify new targets.
RETRANSMISSION: Group Eleven Intersects 8.7m of 23.9% Zn+Pb and 85 g/t Ag; Expands Zinc-Rich Massive Sulphide Zone at Ballywire
Group Eleven Resources Corp. has released the results from the latest five step-out holes of their 2024 drill program at their 100% owned Ballywire zinc-lead-silver discovery, part of the PG West Project in Ireland. The results showed significant intersections of zinc, lead, and silver in all holes. The data from these holes have extended the lateral extent of the recently announced zinc-rich sulphide zone at the base of the Waulsortian Limestone by 50-100m, with the zone now extending for at least 360m. The company continues its two-rig drill program.
Doubleview Gold Corp Announces Closing of Private Placement for Total of $4,027,000
Doubleview Gold Corp. has announced the closing of its non-brokered Private Placement, raising gross proceeds of $4,026,999.84, exceeding the initial amount announced earlier. The company will issue over 8.3 million flow-through shares at $0.48 per share. The proceeds will be used for exploration work on its wholly owned BC projects, the Hat Project and the Red Spring Project. The company will also pay $100,000 in finder's fees and issue over 250,000 finder's shares at $0.39 each. The offering's closing is subject to necessary regulatory approvals.
Alpha Exploration Announces New Drill Results from the Aburna Gold District Including 29 Meters Averaging 2.89 g/t Gold at Hill 52 Prospect, and 8 Meters Averaging 3.77 g/t Gold at the Northeast Prospect
Alpha Exploration Ltd. has announced initial drilling results from its Aburna orogenic gold prospect within its Kerkasha Project in Eritrea. The prospect is one of three significant discoveries by Alpha on this license, covering an area of at least 7km long and 2km wide. Assays from 20 holes completed in July 2024 have been received, showing promising results from both the Hill 52 and Northeast areas. Drill samples from the second and third quarters of 2024 are now being prepared for assay. The results indicate significant gold mineralization, extending the Northeast Prospect's strike length to over 650m.
Group Eleven Intersects 8.7m of 23.9% Zn+Pb and 85 g/t Ag; Expands Zinc-Rich Massive Sulphide Zone at Ballywire
Group Eleven Resources Corp. has announced the results from the latest five step-out holes of the 2024 drill program at their 100%-owned Ballywire zinc-lead-silver discovery in Ireland. The drillings show significant intersections of zinc, lead, and silver in all three holes. The results add at least 50-100m to the lateral extent of the recently announced flat-lying zone of zinc-rich massive sulphide lenses at the base of the Waulsortian Limestone, with the zone extending for at least 360m along strike and remaining open.
Atomic Minerals Corp. Clarifies the Proposed Drilling Schedule for The Bleasdell Lake Uranium Project
Atomic Minerals Corp. is working to clarify the exploration schedule for the Bleasdale Lake Project. Permits are currently being processed, and the company aims to begin drilling in December. The project, located 95 kilometers southwest of Lynn Lake, Manitoba, will focus on three new uranium target zones as well as two historically drilled zones. Historic trenching returned significant amounts of triuranium octoxide. The previous estimate, made in 1957, is still considered relevant, although a qualified person has not yet verified it as a current mineral resource.
Seabridge Gold Files Third Quarter 2024 Report to Shareholders and its Financial Statements and MD&A
Seabridge Gold has reported a net loss of $27.6 million for the three months ending September 30, 2024, a significant increase from the $5.3 million loss of the same period last year. The loss is attributed to a non-cash loss of $42.0 million from the quarterly remeasurement of the company's secured notes, impacted by a decrease in discount rates, higher metal prices, and a change in the valuation date. The company has also invested $28.0 million in mineral interests, property, and equipment during the quarter. Despite the financial loss, Seabridge Gold has seen promising drill results at the Iskut's Snip North target, and gold trades are at an all-time
Québec Nickel Announces Closing of Existing Shareholder Financing
Québec Nickel Corp. has announced the closure of a private placement offering where it issued 2,000,000 units of the company at a price of $0.125 per unit, generating $250,000. Each unit consists of one common share and half of a share purchase warrant, which can be exercised for two years into one share at a price of $0.225 per share. The units were offered to existing shareholders under specific exemption laws and will be subject to a hold period of four months and a day from issuance. The net proceeds from this offering will be used for general working capital purposes. The securities have not been registered under the US Securities Act of 1933 and cannot be offered or sold within the US except under specific
Benz Announces Closing of A$4M Financing
Benz Mining Corp. has completed its private placement of 18,181,820 CHESS Depository Interests (CDIs) at A$0.22 per CDI, raising approximately A$4 million. The funds raised will be used to acquire 100% of the Glenburgh Gold Project and Mt Egerton Gold Project in Western Australia, to scale up gold exploration activities, and for general working capital. If the acquisition is not completed, the funds will be used for drilling activities on the Company's Eastmain Project. The placement is still subject to the final approval of the TSX Venture Exchange.
Chesapeake Announces San Vicente 3 Legal Update
Chesapeake Gold Corp. has initiated legal proceedings against the Dirección General de Minas of Mexico (DGM) after the DGM cancelled the company's San Vicente 3 mineral concession, part of the Metates project. The company's lawsuit was dismissed by the Federal Court of Administrative Justice, but Chesapeake plans to appeal and pursue all available legal remedies. If the company cannot reinstate San Vicente 3, its current resource estimate for Metates and the potential development of the project could be significantly impacted. Despite ongoing legal proceedings, Chesapeake remains committed to the Metates project and will continue developing its proprietary oxidative leach technology.
Goldmoney Inc. Responds to Property Purchase Media Reports
Goldmoney Inc. is in exclusive talks regarding a potential property purchase in the United Kingdom, following its usual acquisition strategy. The transaction details are still under discussion and it's not guaranteed that the deal will be completed. The company will only make further comments once an agreement has been reached. Goldmoney Inc., a company that specializes in the investment and custody of real assets, offers precious metals trading services to clients, secure custody and storage solutions, and also has diverse interests in property investment and jewelry manufacturing.
Torex Gold Reports Results From The Ongoing 2024 EPO Exploration Program
Torex Gold Resources Inc. has announced positive results from its ongoing drilling program at EPO, indicating a strong potential to upgrade Inferred Resources to Indicated Resources and expand resources north of the deposit. The first half of 2024's exploration and drilling program has confirmed mineralization extending beyond defined resources to the north and a high potential for converting Inferred Resources to Indicated Resources in the south and northeast of the deposit. The second half of the program is expected to further support the company's goal of sustaining annual gold equivalent production of 450,000 to 500,000 ounces beyond 2030.
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
Ron Paul criticizes the Federal Reserve's power and calls for reforms, advocating for gold-backed currency....
Unlock Premium
Get access to exclusive analysis and trading signals
- Access to all premium articles
- PDF change detection
- Advanced charting